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    1175 Main St Riverhead, NY 11901

    For Sale
    $1,388,000

    Restaurant/Warehouse, 5,614 sqft, High Visibility

    Property size:
    5,614 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional Riverhead, NY industrial property boasts 5,614 square feet on a 0.91-acre lot, offering significant upside potential for investors, developers, and end-users. The property, located at 1175 W Main St, enjoys prime visibility with excellent signage and 223 feet of frontage. Its strategic location in the heart of Riverhead places it minutes from Tanger Outlets, Riverhead Raceway, and Splish Splash, ensuring high traffic and exposure. The building features high 16-foot ceilings, two warehouse bays, a dedicated office area, and all-new LED lighting. Ample parking is provided with 58 spaces. The property also includes four skylights, central air conditioning, and a strategically placed curb cut. The strong RFC zoning allows for a variety of uses. Outdoor seating is available, adding to the property's versatility. Previously home to a successful restaurant for over 23 years, the property can be delivered vacant. Annual expenses total $18,755.18, encompassing insurance ($2,843), maintenance and repairs ($250), and property taxes ($15,662.18). The property generates a net operating income of $41,244.82 annually. Nearby businesses include major retailers such as Toyota, Nike, Walmart, Costco, The Home Depot, Target, Lowe's, Marshalls, HomeGoods, Mattress Firm, and IHOP, further highlighting the property's advantageous location.

    Property Features for 1175 Main St

    General Information

    Property type
    Industrial properties
    Square Feet
    5,614 SF
    Lot Size
    39,640 SF

    Building Details

    Year Built
    1938
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Buoy One - Riverhead Seafood Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverhead
    County
    Suffolk County
    State
    New York
    Longitude
    -72.68899
    Latitude
    40.91576

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    FAQs

    What type of property is this?
    Industrial property - Restaurant/Warehouse, 5,614 sqft, High Visibility
    Where is this industrial property located?
    The property is located at 1175 Main St Riverhead, NY.
    What is the asking price?
    The asking price for this property is $1,388,000.
    (516) 783-5600
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    1175 Main St Riverhead, NY 11901
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    Riverhead, NY 11901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1175 Main St Riverhead, NY 11901
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